Wednesday, September 14, 2005

Loan Sharks

Payday loan companies are using lax banking laws to charge unsuspecting customers interest rates that can add up to more than 700 percent annually, Paul Kix of the weekly Dallas Observer reports in "The Big Squeeze Thinking about taking out a payday loan? Think again, sucker." Kix uses lively anecdotes, hard data and a clear writing style to reveal this modern form of usury.


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